Goldman Sachs Asset Management Plans Private Japan REIT

May 25, 2012 5:07 am ET

From Dow Jones Newswires Atsuko Fukase and Kana Inagaki:

EPA/EVERETT KENNEDY BROWN

Goldman Sachs Group Inc. plans to launch a private real-estate investment trust in Japan this summer amid signs of an improvement in Tokyo property market, a person familiar with the matter said Friday.

Goldman Sachs Asset Management Co. aims to launch the fund in July or August with an initial size of around Y30 billion to Y50 billion. It will aim to increase the size of the private REIT to around Y100 billion in two to three years, the person said.